China’s rare earth minerals export ban will collapse the telecom industry and all “green” power, including solar and wind turbines
by: Ethan Huff
NaturalNews.com
Wednesday, May 22, 2019
In potential retaliation against President Trump’s tariffs and other trade war tactics, China could be on the verge of banning all rare earth mineral exports to the United States, which would immediately cripple a number of critical tech industries.
Among the five “nuclear” options that Zero Hedge says China currently has at its disposal to fight back, the most impactful would appear to be a rare earths embargo – which means no more smartphones, laptop computers, solar panels, electric car batteries, or wind turbines, among other “cutting-edge” products.
Rare earth minerals, in case you don’t know, are a necessary component in the manufacture of many high-tech products that millions of people today rely on for “survival.” And since China currently supplies around 80 percent of them to the U.S. market, an export ban would significantly decrease the supply of these products while massively increasing their cost, if not create unprecedented shortages.
China says to “please wait and see” how it will respond to President Trump’s trade moves
The reason why some suspect that China is on the verge of playing this card is that President Xi Jinping recently paid a visit to a large rare earths facility, and brought with him Liu He, the guy who’s been leading the Chinese side of his country’s ongoing trade negotiations with the U.S.
This visit, according to Pacific Securities analyst Yang Kunhe, “sends a warning signal to the U.S. that China may use rare earths as a retaliation measure as the trade war heats up.”
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